NAU what?

I don't yet have much information about this -- most readers from other countries & some within the US -- are well aware that the news media here doesn't tell us much of anything -- unless it's a human interest story. But, there are some interesting things of an economic nature coming our way.

Have you ever heard of the amero? There are various factors at work here, & I admit that the details are over my head, but the gist of it isn't.

Some here in the US may know that there has been talk in our government of an answer to all the problems of NAFTA (North American Free Trade Agreement). It appears that like Europe, the US, Canada & Mexico, are in talks to create what, among other names, they're calling NAU (North American Union). This union is intended to bolster the economies of each of the three countries involved by becoming, again, like the EU, one large economic unit. With this, is a new currency called the amero.

Now, while I agree with some of the ideas behind this, as I had with the EU, there are some things which confuse or bother me as well. First, in creating this NAU, the border between the US & Canada & that between the US & Mexico will disappear. OK...good in many ways. Like in the EU, people of one NAU nation would (I assume) be free to move to another NAU nation, buy property, get work, start a business, etc. Sure, the welfare system will be in chaos, but let's ignore this. And let's not even think about all the money being spent on a wall which will immediately become redundant.

I also wonder about China's part in this. Oh, yes. China appears to be involved. You see, China -- what is being predicted by economic experts as the next top economy -- holds more of our money, in the form of bonds (essentially, IOU's) than any other country. After recent high level talks between our government's experts & China's, it has been reveled that China is seeking to dump these bonds to convert them to Euros because, it's reported, China, "...has lost faith in the dollar."

How could all this come about without a high level of manipulation? Could it happen by chance? Not likely. Mis-management, perhaps. More likely intent. What intent? Why, the intent to implement the plans for NAU now. Oh, & what of the dollar? Well, many experts are going on record stating that we, the people of the US are going to be hit very hard by the recession we're now in when it's finally admitted. More, that the dollar will be abandoned in favour of the amero, which will be used throughout our new economic union, as well as the world.

I'm just saying.... Bleak outlooks are par for the course. Not only did the US get out of the crash of '29 & the isolationism which followed it as the economy picked up. This potential disaster, as the one coming mentioned in my article above, will be the same. We'll get through it. But it will still be very painful.

Can we blame anyone for difficulties coming? Of course. But what difference would it make? Like any CEO, those responsible will go on to become richer, while the rest of us suffer.